)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Desktop Metal
Desktop Metal (DM) investor relations material
Desktop Metal has been acquired
Desktop Metal Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2024 earnings summary31 Oct, 2024
Executive summary
Revenue for Q3 2024 was $36.4M, down 15% year-over-year, with a net loss of $35.4M for the quarter and $191.0M for the nine months ended September 30, 2024.
Gross margin improved to 9% in Q3 2024 from 5% in Q3 2023, driven by cost savings from restructuring initiatives.
The company is undergoing a merger with Nano Dimension Ltd., approved by shareholders and pending regulatory approval.
Substantial doubt exists about the company's ability to continue as a going concern beyond Q1 2025 without additional funding or completion of the merger.
Financial highlights
Q3 2024 revenue was $36.4M, a 15% decrease from Q3 2023; nine-month revenue was $115.9M, down 16% year-over-year.
Net loss for Q3 2024 was $35.4M; net loss for the nine months ended September 30, 2024 was $191.0M.
Gross profit for Q3 2024 was $3.2M, up from $1.9M in Q3 2023; nine-month gross loss was $31.2M.
Cash and cash equivalents at September 30, 2024 were $30.6M, with net cash used in operating activities of $53.4M for the nine months.
Adjusted EBITDA for the nine months ended September 30, 2024 was $(40.6)M, compared to $(59.9)M in the prior year period.
Outlook and guidance
Management expects continued net losses and negative cash flows in the near term and believes current capital resources will support operations into Q1 2025.
At least $50M in annualized cost savings are anticipated from the 2024 Initiative, with completion expected by year-end 2024.
If the merger with Nano Dimension is not completed, additional capital will be required, and there is no assurance of availability.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Desktop Metal
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Desktop Metal, Inc. is the dominant provider of metal 3D printing for professionals, developing and commercializing disruptive 3D printing technologies that enable industrial manufacturers to realize a new class of highly functional parts and products. Desktop Metal invented precision engineered additive manufacturing systems specifically designed to propel the product creation process from design visualization to production reality. Desktop Metal is based in Burlington, Massachusetts.